Cynata Therapeutics, an Australian stem cell company with a powerful mesenchymal stem cell (MSC) manufacturing technology, has signed a Letter of Intent (LOI) with the German giant,apceth GmbH & Co. a company developing genetically engineered, next generation mesenchymal stem cell (MSC) therapeutics.
This is a significant announcement, because apceth GmbH & Co. KG is an extremely well-funded group. Their major shareholders are the Strungmann family, which previously owned Hexal, one of the largest manufacturers of generic pharmaceuticals in Europe. While apceth GmbH & Co. KG is not widely known within the United States, it is a major force within the European Union (EU) biotech market. [Read more…]